New Monthly NAV and Record Breaking Collections
April Monthly NAV Increase with Consistent Distributions: VineBrook’s NAV appreciated 0.75% from March 31, 2020 to April 30, 2020, moving from $30.59/share to $30.82/share. VineBrook’s Distribution Rate of 6.88% is fully covered by Core Funds From Operations.
May Rent Collection Outpacing Past Averages: 96.3% of May Rent collected vs 94% TTM avg. through May 18th (97.2% collected including payment plans). Only 1.1% of billed rent for VineBrook’s homes are on a payment plan in May.
New VineBrook Presentation Available: View the presentation from last week’s VineBrook Webinar, which provides insight into the current portfolio, performance, and its valuation.
Transaction Volume Remains Steady in VineBrook’s Portfolio
300
SFR Acquisitions
300+ single-family home acquisitions/transactions in March and April, with acquisitions occurring every day in most markets (200+ homes under contract currently in May)
6,800
Homes Underwritten in Q120
6,800 homes underwritten by VineBrook in Q120 with approximately 2,000 homes underwritten so far in Q220 providing real-time feedback to management on a wide subset of home prices in its core markets
7,500
Homes Total
7,500 + homes across 12 markets in the mid-west and south (which have been more resilient to COVID-19 impacts than the coastal markets)
U.S. Single-Family Home Sales Remain Steady Too
“Since the week ending March 13 through May 15th , 543,105 single-family home properties have gone into contract across 46 states in U.S.” – HouseCanary May 21st Weekly Market Pulse Report
Single-Family Rentals In The News – Why All The Recent Focus on This Asset Class?
JPMorgan Fund Doubles Down on Rental Houses with Economy Shut
(Bloomberg)—JPMorgan Chase & Co.’s asset management arm increased its bet on single-family rental homes, more than doubling the size of…
Single-Family Home Rentals Are Excelling in the Pandemic
Stay-at-home orders tied to the COVID-19 pandemic have not tamped down the demand for single-family house rentals, executives from…
Despite COVID-19 pandemic, tight housing supply has contributed to home price stability in many markets
Over the week ending May 8, 32 of the 46 states have seen an uptick in the median list price of new listings, while 14 states have shown…
JPMorgan Fund Doubles Down on Rental Houses with Economy Shut
(Bloomberg)—JPMorgan Chase & Co.’s asset management arm increased its bet on single-family rental homes, more than doubling the size of…
READ MOREREAD MORE
Single-Family Home Rentals Are Excelling in the Pandemic
Stay-at-home orders tied to the COVID-19 pandemic have not tamped down the demand for single-family house rentals, executives from…
READ MOREREAD MORE
Despite COVID-19 pandemic, tight housing supply has contributed to home price stability in many markets
Over the week ending May 8, 32 of the 46 states have seen an uptick in the median list price of new listings, while 14 states have shown…
READ MOREREAD MORE
Institutional Capital Taking Notice: Single-Family Housing During COVID-19 White Paper
(Written by Activist Real Estate Hedge Fund Land and Buildings Investment Management – May 19th, 2020)
READ MOREREAD MORE
“Land & Buildings believes single-family homes to own and rent are poised to see substantial tailwinds as millennials’ move to suburbs has been accelerated by COVID-19”
